Securities and Exchange Commission
Washington, D.C. 20549
Rule 24f-2 Notice
for
FLORIDA DAILY MUNICIPAL INCOME FUND
600 Fifth Avenue
New York, New York 10020
under the
Investment Company Act of 1940
Form N-1A File No. 33-81920
(i) Fiscal year for which this Notice is filed:
September 19, 1994 (Commencement of Operations) to August 31, 1995
(ii) Number or amount of securities of the same class or series, if any,
which had been registered under the Securities Act of 1933 other than
pursuant to Rule 24f-2 under the Investment Company Act of 1940 but
which remained unsold at the beginning of such fiscal year:
None
(iii) Number or amount of securities, if any, registered during such fiscal
year other than pursuant to Rule 24f-2: None
(iv) Number or amount of securities sold during such fiscal year:
407,540,799.04*
(v) Number or amount of securities sold during such fiscal year in reliance
upon Rule 24f-2:
407,540,799.04
Exhibit: Opinion of Messrs. Battle Fowler LLP
________________________
* The filing fee of $10,227.03 is calculated in accordance with Rule
24f-2(c) and Section 6(b) of the Securities Act of 1933 and based on the
following: the actual aggregate sales price of the 407,540,799.04 shares sold
during such fiscal year in reliance upon Rule 24f-2 was $407,540,799.04: the
actual aggregate dollar amount of shares redeemed during the fiscal year was
$377,882,411.18, none of which were previously used for reduction in filings
made pursuant to Rule 24e-2(a) and $377,882,411.18 of which are being so used
for reduction pursuant to this Rule 24f-2 Notice.
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SIGNATURE
Pursuant to the requirements of Rule 24f-2, Florida Daily Municipal
Income Fund, has duly caused this Rule 24f-2 Notice to be signed on its behalf
by the undersigned, thereunto duly authorized, in the City of New York and State
of New York, on this 13th day of October, 1995.
FLORIDA DAILY MUNICIPAL INCOME FUND
By: /s/Steven W. Duff
Steven W. Duff
President
BATTLE FOWLER LLP
75 East 55th Street
New York, New York 10022
October 18, 1995
Florida Daily Municipal Income Fund
600 Fifth Avenue
New York, New York 10020
Gentlemen:
We have acted as counsel to Florida Daily Municipal Income Fund, a
Massachuetts business trust (the "Fund") in connection with the preparation of
the Rule 24f-2 Notice (the "Notice") covering 407,540,799.04 shares of
beneficial interest, par value $.01 per share, of the Fund.
We have examined copies of the Declaration of Trust and By-laws of the
Fund, the Registration Statement, and such other corporate records and
documents, including the consent of the Board of Trustees and the minutes of the
meeting of the Board of Trustees of the Fund, as we have deemed necessary for
the purpose of this opinion. We have also examined such other documents, papers,
statutes and authorities as we deemed necessary to form a basis for the opinion
hereinafter expressed. In our examination of such material, we have assumed the
genuineness of all signatures and the conformity to original documents of fact
material to such opinion, and we have relied upon statements and certificates of
officers and representatives of the Fund and others.
Based upon the foregoing, we are of the opinion that the 407,540,799.04
shares of beneficial interest, par value $.01 per share of the Fund, the
registration of which the Notice makes definitive, were legally issued, fully
paid and non-assessable.
We hereby consent to the filing of this opinion as an exhibit to the Rule
24f-2 Notice.
Very truly yours,
BATTLE FOWLER LLP
